Troy Narayan E World Holdingshttp://troyeworld.com
Troy Narayan is the director of E World Holdings, a property investment firm based in Malaysia. Thu, 13 Dec 2018 18:55:29 +0000en-UShourly1https://wordpress.org/?v=4.5.2Want to be More Productive? Stop Doing These Things Now:http://troyeworld.com/want-to-be-more-productive-stop-doing-these-things-now/
Thu, 13 Dec 2018 18:55:18 +0000http://troyeworld.com/?p=297In today’s faster than ever paced society, it sometimes feels like we must be productive 24/7 jus to keep up with the competition. The truth is that you can be productive just by making a few small shifts to your day. Stop doing the following things and you will see a drastic increase in your productivity levels:

Saying Yes to Everything

If you want to maintain your productivity levels, you must learn how to say no to certain events and people. No matter how badly you do or do not want to attend, you must ask yourself if you have time for it in your schedule and if it will benefit you. Unfortunately, you cannot appease everyone. You have to put yourself and your business needs first when it comes to accepting invitations.

Checking Your Email Every Hour

There is a ton of research done on this exact issue. People waste hours every day simply checking their email. This will not lead to productive days! Instead, try checking your email at set times every day. You can check your email first thing in the morning to make sure there are no emergencies or urgent emails. Maybe the next time you check your email is right after you return from lunch. And lastly, you can check your email with the last half an hour of each day. When you have assigned times to read email, you will be able to spend all of the time in between working on things that matter! Tim Ferris, the author of The 4-Hour Work Week, recommends picking two specific times each day for maximum productivity.

Skipping Meals to Get More Done

Many people think that they can work right through lunch in order to get the most out of their workday. The research has shown time and time again that actually leaving the office for your lunch break results in higher productivity levels when you return. Instead of skipping meals or even eating at your desk, take yourself out of your office for your meals. You will come back to your work feeling renewed and reenergized.

If you are looking to be more productive in the new year, there are several things you can start doing. There are also several things that you can stop doing. These include saying yes to anything and everything that comes your way, checking your email every hour and skipping meals during the workday.

]]>Commercial Real Estate Terms that you need to Knowhttp://troyeworld.com/commercial-real-estate-terms-that-you-need-to-know/
Thu, 23 Aug 2018 19:50:42 +0000http://troyeworld.com/?p=290Commercial real estate deals are often far more complex than those found in residential real estate. Because commercial real estate properties are almost always income-producing, there are a number of business concepts that are both common to business in general and unique to the commercial real estate field. Here are a number of important commercial real estate terms that everyone getting into this exciting and dynamic industry should know.

Capitalization rate (or CAP rate)
The capitalization rate on any commercial property is arguably the single most important metric for the building’s owner. It is essentially the same thing as the property’s rate of return. However, the term rate of return is not typically used in commercial real estate because there are multiple ways of measuring returns on capital, especially where debt comes into play.

The CAP rate is simply the monthly net rental income divided by the purchase price of the property. This measure gives potential property buyers a good indication of the long-term profitability of the real estate.

Usable square footage (USF)
With residential properties, all parts of the home can be counted towards the total square footage because those areas are private and are frequently used by the owners. However, with commercial properties that are designed to house for-profit businesses, areas like hallways, stairways, bathrooms and other common areas cannot be used for the business’ specific activities. Therefore, only the areas that can be directly used by the tenants for their business activities can be counted as usable square footage.

Rentable square footage
This is the amount that includes all common areas, including hallways, lobbies and bathrooms. The rentable square footage is usually the figure that owners use to set the total rent amounts.

Common Area Maintenance
Just as condominiums have association fees that cover all of the maintenance costs for the common areas, commercial properties have monthly or yearly fees that all tenants are required to pay. This money goes towards keeping both the interior and exterior common areas in presentable condition, including keeping any parking areas or external drives plowed in winter and nicely landscaped in summer.

Right of first refusal
Unlike with residential properties, commercial properties often give current tenants the right to rent any space that becomes freed up within the property. This is done as a courtesy to businesses that may need the additional space or not want other businesses present on the property.

]]>Tips for Perfecting your Elevator Pitchhttp://troyeworld.com/tips-for-perfecting-your-elevator-pitch/
Thu, 23 Aug 2018 13:53:41 +0000http://troyeworld.com/?p=287An elevator pitch is a speech that outlines essential details about a person, business, or a project within the shortest period. The notion of elevator speech originates from the fact that the message has to be delivered within a short time, mostly between 20 to 60 seconds. The primary goal of an elevator speech is to stir up something such as create interests in a product or highlight specific details about yourself so that you can be considered for a job opening. To enhance your elevator speech, here some important strategies that you can adopt.

Understand Your Audience

One of the best methods that an individual can use to perfect their elevator speech is by understanding their audience. This includes understanding their pain points and the best possible method to solve and eliminate the pain points. This will help in ensuring that the elevator speech has been customized to meet the needs of the audience.

Know Your Products and Services

Understanding the products and services that the company offers is the best way that people can enhance their elevator speech. This will help them not just to highlight general information about their products and services but also be more specific on how their products and services are better and unique as compared to those of the competitor.

Use a Conversational Tone

People tend to speak so fast so that they can give many details within a short time. In such a case, the audience may not understand what they are saying. The best thing to do is use a conversational tone and avoid looking like a salesperson. The elevator speech should be used to start a conversation that should continue later.

Show Passion

There is a universally accepted concept that people tend to do business with people they like. This means that an individual has to show personality and passion as they give their elevator speech. More so, smiling and being friendly will play a big part in enhancing an individual’s elevator speech. Being passionate and happy about the speech shows that the products and services can be trusted.

Create Suspense

It is evident that an elevator speech can’t address everything that the company does including its staff members and other relevant details. For an individual to perfect their elevator speech, they should ensure that they create suspense by just offering the crucial information but leave the audience wanting more.

]]>Common Real Estate Myths: Debunkedhttp://troyeworld.com/common-real-estate-myths-debunked/
Tue, 03 Jul 2018 17:23:50 +0000http://troyeworld.com/?p=283What are some real estate myths that need debunked? The following are some of the most popular myths and misconceptions about real estate.

When Pricing Your Home for the Market, Leave Room for Negotiations

One of the most important things you can do when listing your home is pricing it correctly. Don’t worry about leaving wriggle room for negotiations. If it’s priced too high, people won’t waste their time looking at it.

Going “for sale by owner” will save you money

For sale by owner homes usually end up losing money by not using a real estate agent. They usually end up sitting on the market for way longer than they would if there was an agent. Buyers also usually expect a discount because they know you are saving money by not using an agent. The biggest problem with for sale by owner homes it that selling a home is not easy, and you need a professional to help you!

You’ll Earn back what you Spend on Renovations

Many people believe that if you fix the important things like roof as well as heating and air conditioning system, you will sell your house more quickly. The truth is though, you most likely won’t recoup what you spent on those renovations so you may want to reconsider. According to Remodeling magazine’s 2015 Cost vs. Value Report, the only renovation that is likely to net you as much as you spent is a new front door.

Real Estate Agents Only Show Their Own Company’s Listing

Many people are wrongly under the impression that once you have a realtor, they will only show you houses that are also listed with their company. This could not be further from the truth. Real estate agents who belong to their local real estate board and MLS have access to any listing that is multiple listed. If you feel like you are only being shown homes within a certain company, say something to your realtor. This is a huge decision and you should be as involved as possible!

The real estate world can be tricky to understand for anyone. By understanding some of the most common myths, and what the truth is, you will be able to navigate this new world much more easily. Good luck!

]]>Easy Ways To Get Started With Real Estate Investinghttp://troyeworld.com/easy-ways-to-get-started-with-real-estate-investing/
Thu, 28 Jun 2018 14:30:20 +0000http://troyeworld.com/?p=280=If you’re looking to increase your financial wealth, investing in real estate may be a viable option that leads to profits. For many people, it can be difficult to know how to start the process. If you’re ready to begin investing in real estate, there are a few easy ways to get started.

Basic Rental Properties

Investing in basic rental properties is an ideal way of starting out in the real estate industry. You can own a home and rent it out to a tenant and decide on a price for rent that allows you to earn a profit each year. You’ll need to have the necessary funds available to cover repairs that are needed, whether the AC unit malfunctions or a leak occurs. Hiring a property management company to handle all of the work can ease the burden.

Real Estate Trading

If you don’t want to handle the stress and work of owning a property and renting it out to tenants, you can consider real estate investment groups, which are similar to small mutual funds for rental properties. You can buy a set of apartment blocks or condos through a company that is selling them. The company will manage the number of units that you purchase, which will allow you to earn a profit without handling issues or repairs.

Leverage

Leverage is a tool that you can obtain as a real estate investor. You can control how much money you put down on a new property that you purchase and its equity by paying a fraction of its overall value. You can also take out second mortgages on your home for down payments on other properties to make more investments in the real estate industry.

REITs

Real estate investment trusts are created when corporations use the money of investors to buy and operate different properties. They’re purchased on major exchanges, similar to any other stock. Those who decide to take advantage of REITs don’t have to worry about paying corporate income tax, which can save money in the transaction. For those who want a regular income with their real estate investments, REITs are an ideal option. They can make it easy to get into non-residential investments like office buildings or malls.

]]>Tips for Turning Real Estate into a Real Fortunehttp://troyeworld.com/tips-for-turning-real-estate-into-a-real-fortune/
Wed, 27 Jun 2018 18:52:05 +0000http://troyeworld.com/?p=277Everyone who invests in the real estate industry is looking to increase their net worth and obtain wealth. The investments often require risk and the necessary funds to obtain the right properties. If you’re looking to turn your real estate into a fortune, there are a few tips to follow that will pay off.

Don’t Get in Over Your Head

Consider starting off small as a beginner in the real estate industry to ensure that you don’t feel overwhelmed. Use your cash flow from your full-time job to diversify your part-time real estate investing. Avoid using all of your money as you learn how to understand the contracts and grow the specialists that you’ll hire for your properties. Starting off small is necessary as you become more experienced in the real estate industry, making it essential to avoid overcommitting to limit the mistakes made. If you don’t have any cash available to invest, consider doing wholesale deals with contracts that require little money down.

Find a Mentor

Find a mentor who can help you to understand the economics and will assist you in finding properties to invest in that others may not know can be profitable. You’ll need to learn how to find deals before the competition when you’re looking to flip properties. Short-term renting of residential properties is also a way of producing high returns if you want to obtain tax-advantaged passive income.

Ask your mentor questions, use their assistance to guide you through the process, and seek their advice when you have critical decisions to make as an investor as you learn the ropes.

Get Educated

It’s important to understand that there are many pitfalls with real estate, which makes it necessary to become more educated to reduce your risk of loss. Take programs, read articles, and learn from other real estate professionals to ensure that you can become more experienced in the industry and can boost your confidence.

Start Today

Consider getting started by purchasing cheap properties and renting them out through a property management company. As you collect your monthly rent passively, you can begin to acquire two three cheap properties each year and start to increase your net worth while investing in the real estate industry.

]]>Understanding Real Estate Codeshttp://troyeworld.com/understanding-real-estate-codes/
Mon, 11 Jun 2018 12:55:09 +0000http://troyeworld.com/?p=273When you’re searching for a new house, it can be hard enough to find something you like within your price range. Complicating matters further are terms and codes used by real estate agents with which most people aren’t familiar. While this can make the experience that much more frustrating, there is help.

Water: No

This will depend on the location. In urban areas, it may mean no public water utility, suggesting the property may depend on well water. In other areas, this may refer to irrigation accessibility, such as in farming communities.

Regional MLS

The acronym stands for Multiple Listing Service, which means other realtors in the area can access information on the property through a supported service.

Status – Active

This simply refers to a property that is on the market and is still available as opposed to a property upon which a sale is pending.

ADOM and CDOM

ADOM may refer to the actual days on the market. CDOM means cumulative days on the market, which also takes into account any period it may have been listed under a different MLS number.

SE/TP/RG

SE – This stands for shared equity and refers to a lender authorizing a loan in exchange for a share of the profit, when you sell the home.

TP – This stands for third party and refers to a neutral individual or party who acts as a go-between for the buyer and seller. The third party will collect the documents and handle monetary transactions involved in the sale.

RG – The Regulatory Guide provides a set of guidelines for real estate agents and brokers in handling the sale of shares in a real estate company.

Future Land Use: RES

This refers to how the local government has zoned the property. In this case, RES stands for residential.

Fee Simple

Refers to ownership of land, especially in common law. It determines that the owner has the absolute right to dispose of the property how he chooses.

Tax ID

The county within which the property exists assigns a number to the property for tax identification purposes. It helps the county to identify it in any records that might exist.

Listing Price May Not Be Sufficient

When a listing suggests that the advertised price could be too low to cover “encumbrances, closing cost or other seller charges,” this could indicate a short sale. This means there may be additional charges or liens against the property, even after closing costs have been paid. The real estate agent should arrange for all outstanding debts to be released, so you can buy the property with a clear title.

These are some of the most commonly seen terms in real estate listings. If you see other terms that confuse you, don’t be afraid to ask your realtor. They’re there to help you make the home buying process as painless as possible.

]]>Why Brick & Mortar Stores Are Here To Stayhttp://troyeworld.com/why-brick-mortar-stores-are-here-to-stay/
Fri, 18 May 2018 15:11:25 +0000http://troyeworld.com/?p=263Over the last few years a plethora of well-established brick & mortar stores have filed for bankruptcy and gone out of business. Many of these stores experienced a downturn in profitability for many years prior to closing. As a result of the ease and convenience of internet shopping, many brick & mortar stores have met their demise. Although it seems that brick & mortar locations are a relic of the past, some venture capitalists argue that brick & mortar stores are not going away.

The proof of this assertion can be found in the reality that online giants, such as Amazon, are now clamoring to open brick & mortar stores. Amazon and other online retailers recognize that customers want to purchase certain items in a physical store. In addition, sometimes people need an item immediately and waiting to have the item shipped is inconvenient. With these things understood, brick & mortar businesses are still viable.

Although brick & mortar stores are not going away, the operation and management of these store will change drastically. For instance, Amazon opened a new grocery store in Seattle with no carts and no cashiers. Customers simply download the Amazon Go App which allows them to connect to their Amazon accounts. This app must be downloaded and running when customers enter the store; they will not be able to gain entrance to the store without the app running. Customers can then pick up whatever items they need and the items will be charged to their Amazon accounts. With this location, Amazon is combining the convenience of technology with the practicality of having a physical location.

Although many nostalgic stores like Toys R Us and Kmart will no longer be a part of the brick & mortar landscape, physical store locations that adopt the necessary technologies will continue to thrive in the years to come. If businesses want to remain competitive, they must have an established internet presence and technologically savvy physical locations. Brick & mortar stores are not going away, they are simply evolving to better accommodate the needs of customers.

]]>Tips For Investing In Commercial Real Estatehttp://troyeworld.com/tips-for-investing-in-commercial-real-estate/
Mon, 09 Apr 2018 12:56:15 +0000http://troyeworld.com/?p=255Commercial real estate is a lesser known investment strategy. Despite this, it can provide financial stability and diversification in a portfolio. Due to its lower popularity than traditional real estate invest, there are many questions that remain in the minds of potential investors which can dissuade them from entering this sector of investing. That is why the following lost of three tips for real estate investors has been created. The tips, in no particular order, is as follows:

Have A Large Down Payment Available
Take Note Of Usable Square Footage
Mitigate Investment Risks
Have A Large Down Payment Available

Commercial real estate differs from more traditional real estate in that it can require a much larger down payment in order to receive financing on a loan. Some more traditional home loans require only up to a five percent down payment and at times require no down payment at all. Commercial real estate on the other hand can require up to 35% down on a property to receive financing from a qualified lender. This may require more savings up front but can pay greater returns in the long term.

Take Note Of Usable Square Footage

A second not to be made when considering commercial real estate is how it is valued. A single family home, for example, is valued based on the house plus the land it sits on. This means that even a small house that sits on a great deal of land can be very expensive. Conversely, commercial real estate is valued solely based on the usable square footage of the building. This is because this is what determines how many tenants can be in the building and thus determines the potential monthly revenue that it can generate for the investor.

Mitigate Investment Risks

One of the most important aspects of investing is minimizing risk through diversification. Commercial real estate give investors the opportunity to collect rent from multiple tenants instead of a single tenant in a rental home. This way, if a tenant decides to move operations elsewhere, it is only a partial loss to revenue as opposed to losing all rental revenue if a single family decides to move.

Commercial real estate, once demystified, is an extremely viable investment strategy. By becoming an informed consumer, investors can best put capital to work.

]]>Common Property Investment Mistakeshttp://troyeworld.com/common-property-investment-mistakes/
Tue, 03 Apr 2018 15:36:26 +0000http://troyeworld.com/?p=250Making an investment in a property can be a rewarding experience, both personally and financially. However, there are some common mistakes that first time investors make that can make it more of a nightmare. By avoiding the following four mistakes, you can make the most of your property investment!

Not Doing your Homework

Some people think they can attend a seminar, read a few books and they are ready to invest in property! Not so fast! You can never know too much about the investment you are getting ready to make. So make yourself completely familiar with any given area by pounding the pavement and talking to the locals, real estate agents and property managers. Find out all about the amenities, vacancy rates and historical values of properties in the area.

Using Emotions to Make Decisions

A common mistake in property investment trying to buy a property for its lifestyle benefits rather than its fundamentals. Using your investment as a holiday home and an investment property doesn’t work. Holiday homes often had poor yields, poor capital growth and require a lot of maintenance. Investors should be prepared to walk away if the numbers don’t add up and they realize they are buying the property solely for the emotional value.

Over-Borrowing

A long-term mindset is important when investing in a property. It is not uncommon for investors to get over-confident once they have acquired multiple properties, and begin over-borrowing. But refinancing can become impossible if an investor has borrowed to their limit. Always project your cash flow, and set aside an emergency or reserve fund. This way you will be prepared if your investment does suffer a short-term shortfall in rental income.

Doing Everything on your Own

It is unrealistic to think that you can handle the litany of problems that will inevitably come with a property. As a smart investor, you should tap every possible resource available to you. You should have a real estate agent, home inspector, handyman and lawyer. With this buffer-zone of help, you can avoid making crucial mistakes when it comes to your property investment.

By avoiding these classic mistakes, you will be on the right track for success with your investment!